Medical Digital Imaging Systems Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

The increasing prevalence of diseases is one of the significant factors influencing the medical digital imaging systems market growth.
Market Size – USD 16.99 Billion in 2019, Market Growth - CAGR of 7.3%, Market Trends –Advancement in medical imaging technology.
The global medical digital imaging systems market is forecasted to reach USD 29.97 Billion by 2027, according to a new report by Reports and Data. Advancements in digital imaging technology are expected to drive the market growth in the forecast period. Digital radiography is substituting the analog aspects of both the mammography and X-ray imaging systems, as they perform faster scanning of the human body while delivering enhanced image quality. Furthermore, substitutes for breast MRIs, including positron emission mammography and breast specific gamma imaging, are innovative technologies that provide choices to patients who are unable to undergo a breast MRI. Also, higher field MRI systems are substituting low field systems owing to the improved image quality, and 3-D and 4-D digital obstetric ultrasounds will carry on to substitute traditional ultrasounds.
The COVID-19 impact:
The prevailing COVID-19 pandemic highlights the significance of an attentive utilization of human and financial resources, which are vital in healthcare. It is important to ascertain the ability of specialized professionals and surgeons to function through the pandemic. A conscious effort is required for minimizing the spread of infection, and a high mortality rate across the globe would be detrimental. All suspected or known COVID-19-positive patients needing medical intervention must be treated as positive and proper diagnosis should be carried out to reduce the spreading of infection. Medical digital imaging systems like x-ray systems, would play a significant role in the identification of lung diseases, which may be owing to COID-19.

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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.

Key companies profiled in the report include:
Siemens Healthineers, Canon Medical System Corporation, Hitachi, GE Healthcare, Esaote SPA, Shimadzu Corporation, Koninklijke Philips NV, Fujifilm Holdings Corporation, Toshiba Medical Systems Inc., and Samsung Electronics Co. Ltd., among others.

Market Segmentation by Types:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
• Computed Tomography (CT)
• Ultrasound
• X-ray
• Nuclear Imaging
• Magnetic Resonance Imaging (MRI)
• Others
Application Outlook (Revenue, USD Billion; 2017-2027)
• Cardiology
• Neurology
• Orthopedics
• Oncology
• Gastroenterology
• Gynecology
• Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
• Hospitals and Clinics
• Diagnostic Centers
• Others

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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Medical Digital Imaging Systems market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA

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Further key findings from the report suggest
• Magnetic resonance imaging (MRI) contributed to a significant market share in 2019. MRI does not include exposure to radiation and hence is safe for people who might be specifically susceptible to the effects of radiation, for instance, pregnant women and babies. MRIs are very useful for viewing soft tissue structures, comprising cartilage and ligaments, and organs like the eyes, heart, and brain.
• Oncology is the leading application area of nuclear digital imaging systems. Detection of cancer at an early stage significantly increases the chances for survival. Creating awareness to encourage early diagnosis and screening are the crucial steps responsible for early detection of breast cancer.
• Hospitals held the largest market share in 2019. The factors including well-resourced operating & diagnostic rooms, higher purchasing power, the existence of highly skilled healthcare/medical professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
• The medical digital imaging systems market in North America contributed to the largest share in 2019. The market dominance is owing to the higher acceptance of advanced technologies, rising incidence of chronic diseases, well-established healthcare facilities, and the presence of leading market players in the region.

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